MARKETS NEWS
Darin Newsom DTN Senior Analyst
Mon Nov 26, 2012 08:05 AM CST

A Top in Natural Gas

As its weekly chart indicates, natural gas has posted an impressive rally since hitting an almost 11 year low of $1.902 this past April. However, as the old saying goes, all good things must come to an end. In this case, for natural gas market bulls at least, the good times enjoyed during one of the strongest rallies since 2009 seems to be nearing its conclusion.

The weekly chart (top study) shows that the spot-month contract has been testing price resistance between $3.806 and $3.966, prices that mark the 61.8% and 67% retracement levels of ...

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